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Authorized Relationships DisclosuresSingle_agentHARD

Agent Kim represents seller Wong as a single agent. A buyer approaches Kim directly without representation and asks about Wong's motivation to sell. Kim knows Wong is relocating for a new job and needs to sell quickly. How should Kim respond?

Correct Answer

D) Tell the buyer to make an offer and Wong will respond appropriately

Kim must protect Wong's confidential information about his motivation and timeline, while still dealing fairly with the buyer. Suggesting the buyer make an offer allows Wong to control what information is shared. Option A violates confidentiality duties. Option B is unnecessary since Kim isn't representing the buyer. Option C hints at confidential information.

Answer Options
A
Explain Wong's situation to help the buyer understand the urgency
B
Refer the buyer to another agent to avoid dual agency
C
Suggest the buyer work with Wong's timeline but not disclose specifics
D
Tell the buyer to make an offer and Wong will respond appropriately

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Why the Other Options Are Wrong

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Background Knowledge for Authorized Relationships Disclosures

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Related Topics & Key Terms

Key Terms:

single_agentconfidentialityunrepresented_parties
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